This paper examines how foreign ownership affects the investment decisions of subsidiary firms using a new dataset of … listed-parent − listed-subsidiary pairs. We find that improvements in the investment opportunities of parent firms have a … negative effect on the investment of their subsidiaries, after controlling for the investment opportunities of the subsidiary …

This paper is a contribution to the small but growing literature that compares the investment and R&D behavior of … of a simple error-corrected investment model for both ordinary investment and for R&D investment, a model that … incorporates both output (sales or turnover) and cash flow as predictors for investment. Our focus is on two comparisons: France …

conditional correlation between trade openness and GDP per head growth – though openness has a positive link via investment. The …

The November 2001 accession of China to the WTO promises increased investment (already the world’s second in 1998 and … third in 1999) particularly from the EU into the country. This investment is crucial to China’s expanding trade with the … flexible approach to modelling the impact of China’s WTO membership on its investment and growth within the general framework …

managed and effects on growth and investment. About 60 per cent of the flows have been foreign direct investment (FDI), the …

This paper examines why the investment rates of Latin American countries have been so low, in comparison with those of … the fast growing East Asian countries. First, the paper compare the private and public investment ratios of eight Latin … econometric model for the ratio of private investment to GDP in Latin American and Asian countries, respectively. The econometric …

investment. We focus on the distinction between speculative and fundamental components of share-price movements and we contribute … speculative components have positive effects on investment and that, in contrast to the earlier literature, the effect of the …

firms' investment ratio. Changes in user costs are significantly affected by changes in the monetary policy indicator. In … addition, firm specific balance sheet characteristics, such as the lagged cash stock to capital ratio influence the investment …

This paper investigates the effects of monetary policy on firms' investment behaviour. The analysis relies on a …. First, we estimate a reduced-form investment equation derived from the neo-classical model, augmented by cash flow. This …

level investment sensitivity to cash flow is used to identify financing constraints. We find that the sensitivities are … importantly, the cash flow sensitivity of investment is lower in countries with better-developed financial markets. This suggests …